Approximately 1,200 new flats that had been scheduled for delivery in the first half of this year have been delayed, as the construction market is experiencing a serious personnel shortage, the weather in the winter was worse than during last year's winter and construction permits were issued later than they were supposed to.
The projects that had been expected to be delivered in the first half of this year include complexes like Planorama (Colentina), Residenz (Chitila), Primavara (Drumul Taberei) and Ibiza Sol (Pipera), which are multi-stage developments. They have all been pushed back by three months on the average.
One of the first large complexes started in Bucharest was Planorama, in the Colentina district, comprising four blocks with a total of more than 1,000 flats.
"The first block of 280 flats should start being delivered in August. They have been working twenty four hours a day but the volume was extremely high and personnel turnover in constructions is high," explains Ionut Botea, sales consultant of Prime Location, which handles the sale of the homes in this project.
The first delivery deadline had been set for the end of 2007, after which developer Euro Habitat announced the first block would be delivered in April this year. For each day of delay those who bought homes in this project will be reimbursed 0.02% of the acquisition price of the flat, which may amount to over 5% for those who bought off-plan.
On the other hand, buyers of the first stage of the Residenz complex in Chitila, developed by Tiriac Imobiliare and LBBW, are already moving in the 136 homes, though three months later than they were initially supposed to, that is March 2008.
"Residenz clients of the first phase are already moving in their flats and we anticipate to have them all moved in by the end of August, as final sale-purchase deeds are complete
